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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD
Trade Setup

#BCHUSD
Total Profit: 769 point (60%)
Closed trade(s): 93 point Profit
Open trade(s): 676 point Profit

Trade Setup:
We opened 14 BUY trades @ 120.2 based on 'Valley' entry method at 2023-03-12.

Closed Profit:
TP1 @ 129.5 touched at 2023-03-14 with 93 point Profit. (8%)

Open Profit:
Profit for one BUY trade is 125.4(current price) - 120.2(open price) = 52 point (4%)
13 trade(s) still open, therefore total profit for open trade(s) is 52 (4%) x 13 = 676 point (52%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateMarch 25, 2023 - 11:12
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 87.0, beginning of uptrend is expected.
  • We make sure when the resistance at 165.5 breaks.
  • If the support at 87.0 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 105.0 on 03/10/2023, so more gains to resistance(s) 129.5, 143.5, 154.5 and maximum to Major Resistance (165.5) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

Take Profits:

  1. 129.5
  2. 143.5
  3. 154.5
  4. 165.5
  5. 211.5
  6. 260.0
  7. 391.0
  8. 476.0
  9. 637.0
  10. 803.5
  11. 1040.0
  12. 1220.0
  13. 1650.1
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) Sun, 14 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 7 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 31 Mar 2024
Bitcoin Cash (BCHUSD) free Sun, 24 Mar 2024
Bitcoin Cash (BCHUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BCHUSD.